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Which of the Following Is False Regarding Means by Which

Question 20

Multiple Choice

Which of the following is false regarding means by which an instrument may be cancelled by a person entitled to enforce it?


A) Consideration is necessary before a cancellation, a form of contractual agreement, is effective.
B) A party may cancel an instrument by simply writing "paid" on the instrument.
C) A party may cancel an instrument by intentionally destroying the instrument.
D) A party may cancel an instrument by intentionally mutilating the instrument.
E) A party may cancel an instrument by giving the instrument to the obliged party.

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